The basic interest rate of commercial loans with a mortgage interest rate of 20 16 for more than five years will reach 4.9%. After five interest rate cuts, the decline rate reached 20.33%. It is the lowest in history. Now many banks adjust interest rates in the following year, so it takes 20 16 1 to adjust.
What's the interest of 20 16 housing loan? How to calculate? I believe many friends are more concerned about this issue. Now I would like to introduce it to you in Bian Xiao, hoping to help you.
How much is the interest on the house loan of 1.20 16?
If you apply for a mortgage after 20 15, 10/0/0, you can calculate it according to the latest interest rate of 4.9% (5 to 30 years). As for the provident fund, the interest rate of individual housing provident fund loans has not been adjusted due to the interest rate cut on October 24th, 2065438+2005/kloc-0. The loan interest rate of individual housing provident fund for more than five years has been lowered four times this year, from 4.25% at the beginning of the year to 3.25% at present.
And before the bank makes further adjustment, the interest rate of 20 16 housing loan will remain unchanged!
Since most banks adjust interest rates according to the following year, many friends who have already made loans before the loan interest rate adjustment will adjust the interest rate of housing loans to the latest interest rate of 20 16 1.
Example: a house, 1000 square meters, 10000 square meters, 30% down payment, mortgage loan for 20 years, how much is the monthly payment and the total interest?
The known total house price is 6,543.8+0,000, with a down payment of 300,000 and a mortgage of 700,000, with a term of 20 years. According to the current benchmark interest rate of 6.55%, Bian Xiao has introduced two repayment calculation methods: matching principal and interest and average capital.
Second, how to calculate the housing loan interest of 20 16?
1, equal principal and interest method: calculation formula
Monthly repayment amount = monthly interest rate of principal [(65438+ 10 monthly interest rate) n/[(65438+ 10 monthly interest rate) n- 1]
Where n represents the number of months of loan, and n represents the power of n, such as 240, representing the power of 240 (20 years and 240 months of loan).
Monthly interest rate = annual interest rate/12
Total interest = monthly repayment amount-loan months-principal
After calculation, the monthly repayment amount is 5239.64 yuan (the same every month). The total repayment is 12575 13.09 yuan, and the total interest is 5575 13.09 yuan.
2. Average capital method: calculation formula.
Monthly repayment amount = principal /n Monthly interest rate of remaining principal.
Total interest = monthly interest rate of principal (loan months /20.5)
After calculation, the repayment amount in the first month is 6737.50 yuan (it will decrease month by month, and the repayment amount in the last month is 2932.59 yuan). The total repayment is1160410.42 yuan, and the total interest is 4604 10.42 yuan.
Compared with the above two methods, the average capital method is 97 102.66 yuan less than the equal principal and interest method.
When the borrower goes through the loan formalities at the bank, he can choose which way to repay the loan.
Two. China Merchants Bank Loan Interest Rate Table 20 16
The annual interest rate of the loan period.
0-June (including June) 4.35%
June-1 year (including 1 year)
4.35%
1-3 years (including 3 years) 4.75%
3-5 years (including 5 years
5-30 years (including 30 years)
4.90%
Three. China Merchants Bank Loan Interest Rate Table 20 16
Annual interest rate of loan period
0-June (including June) 4.35%
June-1 year (including 1 year)
4.35%
1-3 years (including 3 years) 4.75%
3-5 years (including 5 years) 4.75%
5-30 years (including 30 years)
4.90%
4. What is the loan interest rate of China Merchants Bank? How is it calculated?
At present, PBOC has announced the benchmark annual interest rate of loans: 0-6 months (including 6 months), with an annual interest rate of 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%; The loan interest rate needs to be comprehensively priced according to the business type, credit status, guarantee method and other factors you apply for, and can only be determined after being approved by the handling outlets.
To calculate the monthly information for reference, please open the following link:/cmbwebpubinfo/cal _ loan _ per.aspx? Chnl=dkjsq tries to use the benchmark interest rate of the current loan to try monthly payment. (You can view information such as monthly payment, monthly principal, monthly interest, principal balance, total interest and total repayment).